B. Riley Financial Cuts Antalpha Platform (NASDAQ:ANTA) Price Target to $7.50

Antalpha Platform (NASDAQ:ANTA) had its price target cut by B. Riley Financial from $9.50 to $7.50 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Antalpha Platform Trading Up 6.1%

Shares of ANTA opened at $4.15 on Thursday. The firm’s 50 day simple moving average is $4.51 and its 200 day simple moving average is $6.93. The company has a market capitalization of $99.64 million, a P/E ratio of 17.29 and a beta of 1.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.14 and a quick ratio of 1.14. Antalpha Platform has a 1-year low of $3.00 and a 1-year high of $13.82.

Institutional Trading of Antalpha Platform

An institutional investor recently bought a new stake in Antalpha Platform stock. JPMorgan Chase & Co. acquired a new position in shares of Antalpha Platform Holding Company (NASDAQ:ANTA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,705 shares of the company’s stock, valued at approximately $31,000.

About Antalpha Platform

Antalpha provides financing, technology and risk management solutions to the digital asset industry. As the primary lending partner for Bitmain, we are a provider of supply chain financing solutions to institutional and corporate participants in the Bitcoin mining industry, offering loans secured by Bitcoin and Bitcoin mining machines. We have developed a technology platform, Antalpha Prime, which enables our customers to apply for and manage their digital asset loans while allowing us to closely monitor collateral positions.